Centre Announces A Package Of 1.70 Lakh Crore For Poor: Sitharaman

Following the deadly outbreak of novel coronavirus has resulted in a complete lockdown of the country leaving daily workers and wagers in a deep loss. Union Finance Minister Nirmala announced a huge package of Rs 1.70 lakh crore to lend a helping hand for the poor. 

The Finance Minister said that the economic stimulus package will be focusing mainly on the migrant laborers and daily wage laborers who were left with no work and income with the current situation.

"A package is ready for the poor who need immediate help like migrant workers and urban and rural poor. No one will go hungry. The package is worth Rs 1.7 lakh crore," Sitharaman said.

"Govt ready to amend the regulation of EPF due to this pandemic so that workers can draw upto 75 per cent non-refundable advance from credit in PF account or 3 months salary, whichever is lower," she maintained.

"8.69 crore farmers to be immediately benefited through direct cash transfers under Kisan Samman Nidhi. Instalment of Rs 2,000 in the first week of April will be transferred," the Finance Minister added.
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